O. Henry relates a humorous crime story to Hermitage, a precocious ten-year-old boy (Johnny Crawford). Suave safecracker Reginald Easton (Louis Hayward) crashes a ritzy party and falls in love at first sight with the lady of the house (Maureen Stephenson). When Reggie later opens the safe, the jewels are gone, and the real thief confronts him! The sly twist ending is amusing, and a second twist reveals O. Henry's reason for telling the boy a fable for which he shows no interest in the outcome.